Sep. 6 at 12:12 PM
$APDN been expecting a move into the low
$2S.
I guess it’s better to rip the band-aid off versus bleeding off for 2 more weeks.
There were ~85k series B remaining, so could take it as low as they wanted.
Yesterday’s volume should have been enough to clear these. I suspect a good amount was panic selling/ SLs though.
Look for an update of O/S to ~1.5mil, confirmation
Short interest went from 13% a couple week ago to 5% now. 🤔
Yes, as pointed out below.
3mil+ Series A @
$5.13.
You think the 2 largest institutional owners are leaving
$15MIL on the table?
Are they going to squeeze more out of short position? 🤷🏻♂️
Monday will be SSR, but probably still goes down as people continue the panic selling.
Is the company and stock shit? Yes 1000%
Can this go lower? Yes 100%
Do they let the value of holdings and A warrants goto zero? 🤔